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Latest Currency News Headlines

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Slides as Canadian Economy ‘Past its Soft Patch’

6 Sep 2019 at 10 AM - Written by John Cameron

Pound Canadian Dollar (GBP/CAD) Exchange Rate Slides on Optimistic BoC The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate slumped and the pairing is currently trading at an inter-bank rate of CA$1.6250. A day after the Bank of Canada (BoC) left its rates unchanged, Deputy Governor Lawrence Schembri said the Canadian economy was showing ‘a welcome degree of resilience’. In a climate of rate cuts, Canada’s...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound South African Rand (GBP/ZAR) Exchange Rate Soars as UK Markets Benefit from Ebbing No-Deal Brexit Fears

5 Sep 2019 at 5 PM - Written by John Cameron

GBP/ZAR Exchange Rate Rises as No-Deal Brexit is Effectively Ruled Out The Pound South African Rand (GBP/ZAR) exchange rate soared by 0.9% today, with the pairing trading around R18.308 on ebbing no-deal Brexit fears after last night’s parliamentary vote saw the anti no-deal Brexit bill pass successfully after two separate votes. As a result, Sterling has risen against many of its competitors today as UK markets heave a...

CATEGORIES: Pound Rand Forecasts South African Rand Forecasts

Heightened German Recession Fears Send Pound Sterling Euro (GBP/EUR) Exchange Rate Higher

5 Sep 2019 at 11 AM - Written by John Cameron

Pound Euro (GBP/EUR) Exchange Rate Jumps as German Factory Orders Disappoint The Pound Sterling Euro (GBP/EUR) exchange rate rose and the pairing is currently trading at an inter-bank rate of €1.1164. Disappointing German factory orders in July has increased fears the bloc’s largest economy is in a recession. Factory orders slumped by a lower-than-forecast -2.7% in July, following June’s rise of 2.7%. Germany has...

CATEGORIES: Pound Euro Forecasts

Australian Dollar New Zealand Dollar (AUD/NZD) Exchange Rate Steadies NZ Dairy Trade Index Sinks

4 Sep 2019 at 4 PM - Written by John Cameron

AUD/NZD Exchange Rate Rangebound as GDT Index Sinks for Seventh Consecutive Month The Australian Dollar New Zealand Dollar (AUD/NZD) exchange rate steadied at around NZ$1.069 today, despite the NZ Global Dairy Trade (GDT) Index fall to 0.4% – its seventh fall in the past eight auctions. As a result, the New Zealand Dollar stabilised against the ‘Aussie’ after the GDT’s fall was not as bad as expected. Robert...

CATEGORIES: Australian Dollar Forecasts New Zealand Dollar Forecasts

USD to CAD Exchange Rate Tumbles from Month-Best Ahead of Bank of Canada (BoC) Policy Decision

4 Sep 2019 at 1 PM - Written by Toni Johnson

Concerns that the US economy was also suffering from global trade tensions and the US-China trade war only worsened yesterday when the latest US ecostats fell short of forecasts, and the US Dollar to Canadian Dollar (USD/CAD) exchange rate has fallen back from its best levels in over a month. The Canadian Dollar has also been firming as investors anticipate this afternoon’s key Bank of Canada (BoC) policy decision. USD/CAD...

CATEGORIES: American Dollar Forecasts Canadian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Steadies as Canadian Markets Remain Dovish Ahead of BoC Rate Decision

3 Sep 2019 at 12 PM - Written by John Cameron

GBP/CAD Exchange Rate US-China Trade Deadlock Weighs on ‘Loonie’ The Pound Canadian Dollar (GBP/CAD) exchange rate steadied at around CA$1.608, with Canadian markets becoming concerned over the possibility that the Bank of Canada (BoC) could cut rates tomorrow. Francesco Pesole, a Financial Strategist at ING, commented: ‘[W]e suspect the [BoC’s] statement will lean on the dovish side, stressing the downside risks...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts Pound Sterling Forecasts

‘Little Room’ for UK Construction to Improve Pushes Pound New Zealand Dollar (GBP/NZD) Exchange Rate Lower

3 Sep 2019 at 10 AM - Written by John Cameron

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Slides as Business Optimism Slumps to Decade Low The Pound Sterling New Zealand Dollar (GBP/NZD) exchange rate slumped and the pairing is currently trading at an inter-bank rate of NZ$1.9058. Sterling remained under pressure as data revealed the UK’s construction PMI slipped further into contraction from July’s 45.3 to 45 in August. Business optimism sunk to its lowest...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Tumbles on Gloomy UK Manufacturing PMI

2 Sep 2019 at 11 AM - Written by John Cameron

Pound (GBP) Slumps on Poor UK Manufacturing Figures The Pound (GBP) fell back against the US Dollar (USD) and the majority of its other peers on Monday, in response to the UK’s latest factory figures. According to data published by IHS Markit, the UK’s manufacturing PMI unexpectedly weakened last month, sliding from 48 to 47.4 versus forecasts of a modest rise to 48.4. As a result UK factory growth now rests at a...

CATEGORIES: Pound Dollar Forecasts

Pound (GBP) Falls against Australian Dollar (AUD) as UK Manufacturing Plummets to Seven Year Low

2 Sep 2019 at 11 AM - Written by John Cameron

Pound Australian Dollar (GBP/AUD) Exchange Rate Slides as Manufacturing Hits Seven-Year Low The Pound Sterling Australian Dollar (GBP/AUD) exchange rate slumped and is currently trading at an inter-bank rate of AU$1.7975. On Monday, data from Markit revealed that UK manufacturing hit a seven-year low as uncertainty strangled the sector. The UK manufacturing PMI slipped from 48 in July to 47.4 in August as new orders...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to USD Exchange Rate May See Further Losses if No-Deal Brexit Fears Deepen

30 Aug 2019 at 12 PM - Written by Minesh Chaudhari

As August draws to an end, investors digest the current outlooks for global economic outlooks and politics and the British Pound to US Dollar (GBP/USD) exchange rate has been weaker as a result. Investors were hesitant to move too much on the British currency today as the week’s Brexit developments continued to weigh, while the US Dollar firmed on a mixture of month-end fixings and market reaction to the latest US-China trade...

CATEGORIES: Pound Dollar Forecasts